2 ways to make £7500 a year tax free from your spare room!

The rent a room scheme allows anyone to earn up to £7500  a year tax free from letting out furnished accommodation in their home.  Firstly  to try and understand the size of the potential benefit I did some calculations:

2 ways of taking advantage of this benefit are as follows:

  • Getting lodger: I have had several lodgers in the past who have all become good friends.

10 things to consider when getting a lodger

  • Air bnb: If you have more time to devote advertising a spare room on air bnb has the potential for higher returns than letting a room to someone on a longer term basis

Earn an £8 bonus when you sign up to Airbnb here

How to become a successful air bnb host – PAGE PENDING